Dynamics of the yen-dollar real exchange rate and the US-Japan real trade balance

被引：30

作者：

Rahman, M ^{[1
]}

Mustafa, M ^{[1
]}

Burckel, DV ^{[1
]}

机构：

[1] S CAROLINA STATE UNIV,DEPT AGRIBUSINESS & ECON,ORANGEBURG,SC 29117

来源：

APPLIED ECONOMICS | 1997年 / 29卷 / 05期

关键词：

D O I：

10.1080/000368497326868

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper employs cointegration and error correction models to examine the dynamics of the yen-dollar real exchange rate and the US-Japan real trade balance. It uses quarterly data from 1973.I-1993.IV. The unit root tests reveal non-stationarity in both the variables. The ADF test fails to affirm any long-run association between the yen-dollar real exchange rate and the US-Japan real trade balance. Also, there is evidence of bidirectional short-run Granger causality between these two variables with mutual feedbacks.

引用

页码：661 / 664

页数：4

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